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Revised Syllabus of Courses of B.Com. Programme at, , Semester 1V, , , , I With Effect from the Academic Year 2017-2018, , Business Economics - 1V, , Foundation of Public Finance, , List of Modules, , , , , , , , , , , , Sr. Modules | No.of |, : |, Now| Lectures |, | | Invoduction to Public Finance 10, Public revenue 10, Public Expenditure and Debt 10, 4 | Fiscal Management and Financial Administration 1S, Total 45, ~ sorenmnmersrenteneneeeesen, “onta, Unwern Aueiness Economics S ¥. B.Com syllabi Semester th, versity | siness ), , | & iV

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Modules / Units, tit tS nee r, 7 MENT IN AN ECONOMY, , and Scope of Public finan, , ~ THE ROLE OF GovERN, , , , Meaning, , , , , , Major fiseal functions : allocation function, distribution function & stabilization function, Principle of Maximum Social Advantage: Dalton and Musgrave Views - the Principle iny, Practice, Limitations,, , Relation between Efficieney, Markets and Governments, , rhe concept of Public Goods and the role, , PUBLIC REVENUE, , F |« Sources of Public Reve, , of Government, , , , , , , , Hue : tax and non-tax revenues, « Objectives of taxation - Canons of taxation - Types of taxes ; direct and indirect - Tax Base, | and Rates of taxation : proportional, progressive and regressive taxation, i Shifting of tax burden: Impact and incidence of taxation - Processes- factors influencing, incidence of taxation, , le Economic Effects of taxation: on Income and Wealth, Consumption, Savings, Investments, / and Production., , Redistributive and Anti— Inflationary nature of taxation and their implications, 3 PUBLIC EXPENDITURE AND PUBLIC DEBT, , Public Expenditure: Canons - classification - economic effects of public spending - on, , , , , , , , | production, consumption, distribution, employment and stabilization - Theories of Public, , , , Expenditure: Wagner's Hypothesis and Wiseman Peacock Hypothesis - Causes for Public, , Expenditure Growth - Significance of Public Expenditure: Low Income Support and Social, , | Insurance Programmes., , * Public Debt : Classification - Burden of Debt Finance : Internal and External- Public Debt, , , , | and Fiscal Solvency, , , , , , , , , , , , , Fiscal policy and Management, , Fiseal Policy: Meaning. Objectives, constituents and Limitations., , , , re ry Fiseal Policy : Principle p, . . ee Discretionary Fiscal Policy ; tinciples of Sound ar, Contra cyclical Fiseal Policy and nd}, , Functional Finance, , a - Structure of Union budget - Deticit conce pts, Budget- Meaning objectives and types, , fiscal federalism and fiscal decentralization - centr:, J stations : liscal federd central, Intergovernmental Fiscal Relatio, , Slate Financial relations, , , , . . . S. Y. B.Com syllabi Semester [I], 5 Universin iness Economics, ity Busi, , &IV